Superpower in the making

TNNDec 23, 2005, 01.06AM IST

NEW DELHI: Of late there has been no global report that does not predict a rosy future for India. From Goldman Sachs, JP Morgan to Deutsche Bank and others and think tanks, all see India emerging as a global economic super power in the next 25 years

The source of such optimism stems from a steady GDP growth of 5% plus every year over the next couple of decades and a young, empowered working population.

In fact, Deutsche Bank is so bullish on the India story that it has made the rise of India one of its 'mega-themes' for future research.

But before we get anywhere close to being a super power there's lots to be done. For a start, overhaul infrastructure and education. ET takes a close look at some sectors where India has potential to emerge as a superpower in the near future:

Pharmaceuticals: With the clamour for 'medicines at affordable prices' growing world-wide, India stands a fair chance in throwing up few super powers in the generic pharma space and also as low cost innovators. Ranbaxy, Dr Reddy's Labs, Cipla, Lupin, Zydus Cadila, Glenmark Matrix and Shasun. Ranbaxy and Dr Reddy's are global companies.

Textiles: The textiles story looks equally bullish. In the post-MFA regime, India has emerged as the second largest global textile sourcing destination after China.